Nifty finished the week higher. The market's advancing cohort finished smaller. The index rose 0.4% to 22,520.4, while Stage 2 lost 37 stocks to end at 723, or 28.9% of the universe — its lowest share in the 30-session window. Friday delivered the strongest daily index rebound in that window, but it did not reverse the erosion in trends. This was a continuation of weakening internals, not a broad recovery.
The midweek repair did not hold
Participation improved into midweek: the share above the 20-day average reached 33% on Wednesday. Thursday knocked it back to 20.5%, the window low, before Friday recovered it to 23.6%. The same Thursday session set window lows for participation above the 50-day and 200-day averages. Across the week, the share above the 200-day average narrowed from 34.4% to 33.6%. The bounce left the damage largely intact.
The market closed with 57 fresh 52-week highs against 353 new lows. Thursday's deficit of 363 was the widest in the window; Friday's deficit remained 296. Lows have outnumbered highs for 11 consecutive sessions. Nifty remains below its 200-day average and 14.5% below its 52-week high. A modest weekly index gain is doing little to describe the condition of the wider market.
More trends are topping than starting
Over the five sessions, 16 stocks moved from basing into advancing trends, against 51 moving from advancing into topping. That leaves a deficit of 35. The rolling five-session balance has been negative throughout all 30 sessions in the supplied series. This week's attrition therefore extends an established problem rather than introducing a new one.
The Stage-2 share has fallen by 1.4 percentage points over five sessions and 4.1 points over 20. The median setup score also ended at a window low of 5 out of 10. Fresh candidates still exist, but the pool around them is thinning. The near-term read remains neutral-to-down. Selectivity matters more than the colour of the index close.
Weekly winners are not expanding leadership
Communication Services led the week with a 3% gain, followed by Consumer Staples at 2.4% and Information Technology at 1.1%. Yet their Stage-2 shares have contracted over 20 sessions by 4, 4.3 and 3.7 percentage points respectively. Price relief and trend expansion are not the same thing. Real Estate lost 2.7% and Utilities 2.2% over the week, extending their weak three-month backdrop.
Energy presents the opposite mismatch. Its Stage-2 share has expanded by 10.3 percentage points over 20 sessions to 58.6%, despite a 7.6% one-month sector decline. Within Oil & Gas - Equipment & Services, 87.5% of the eight-stock cohort is in Stage 2, with that share up 12.5 points over 20 sessions. This is a pocket to examine, not evidence that the sector's price weakness has ended.
Financials show how deep the deterioration runs elsewhere. Consumer Finance has only 6.8% of its 44-stock cohort in Stage 2, down 36.4 percentage points over 20 sessions. That is a sizeable industry's advancing trends disappearing beneath the index-level noise.
Separate early candidates from established leaders
Tega Industries Ltd heads the early-stage screen at 8.8 out of 10 and moved from basing into advancing this week. SMS Pharmaceuticals Ltd follows at 8.3, with Lloyds Engineering Works Ltd and Jash Engineering Ltd both at 7.8. These are candidates for chart review, not a green light from the market. Even an attractive individual score sits inside a shrinking Stage-2 universe.
Antelopus Selan Energy Ltd appears on both the early-stage and pullback screens at 7.2, giving the Energy cohort expansion a concrete name to examine. The established-trend list serves a different purpose. Shanti Gold International Ltd at 9.8 and Filatex India Ltd at 9.6 show where high-scoring trends already reside; they are not fresh opportunities simply because their scores are higher.
| Stock | Sector | Move | Setup |
|---|---|---|---|
| Tega Industries Ltd | Industrials | 1→2 | 8.7 |
| Kavveri Defence & Wireless Technologies Ltd | Information Technology | 1→2 | 7.4 |
| Jubilant Pharmova Ltd | Health Care | 1→2 | 7.0 |
| Jaykay Enterprises Ltd | Financials | 1→2 | 7.0 |
| Wonderla Holidays Ltd | Consumer Discretionary | 1→2 | 3.8 |
| Jubilant Foodworks Ltd | Consumer Discretionary | 1→2 | 3.7 |
| Kaynes Technology India Ltd | Industrials | 1→2 | 2.8 |
| Schaeffler India Ltd | Consumer Discretionary | 3→4 | — |
| Stock | Sector | Setup | RS |
|---|---|---|---|
| Shanti Gold International Ltd | Consumer Discretionary | 9.8 | 93 |
| Filatex India Ltd | Consumer Discretionary | 9.6 | 96 |
| SBC Exports Ltd | Consumer Discretionary | 9.5 | 98 |
| Shiv Aum Steels Ltd | Industrials | 9.4 | 94 |
| D P Abhushan Ltd | Consumer Discretionary | 9.4 | 92 |
| OCCL Ltd | Materials | 9.4 | 93 |
| SMC Global Securities Ltd | Financials | 9.4 | 92 |
| One Point One Solutions Ltd | Information Technology | 9.2 | 93 |
| Sector | 1D | 1M | 3M | RS | Stage 2 |
|---|---|---|---|---|---|
| Information Technology | +2.6% | -4.4% | +1.2% | 49 | 22% |
| Consumer Staples | +1.5% | -2.0% | -6.4% | 49 | 30% |
| Financials | +1.4% | -4.1% | -6.7% | 57 | 22% |
| Industrials | +1.0% | -5.0% | -3.8% | 66 | 26% |
| Real Estate | +0.9% | -7.3% | -9.8% | 54 | 18% |
| Consumer Discretionary | +0.9% | -6.2% | -1.7% | 58 | 31% |
| Materials | +0.8% | -6.7% | -4.3% | 63 | 35% |
| Utilities | +0.7% | -6.1% | -12.7% | 55 | 11% |
| Communication Services | +0.7% | -3.0% | -0.4% | 63 | 20% |
| Health Care | +0.6% | -4.9% | +0.2% | 72 | 45% |
| Energy | -0.3% | -7.6% | -8.0% | 54 | 59% |
Work the same data live: open the full stock screener, watch the live market dashboard, or check the market-timing read. New to the method? Start with the four stages.
Stage2Stocks is an educational stage-analysis screener. These wraps describe what the screen shows across NSE cash equities — they are not investment advice, recommendations, or buy/sell calls. Always do your own research.